Market Update
May 05 2010 - 8:14AM
UK Regulatory
TIDMMPS
RNS Number : 3815L
Minorplanet Systems PLC
05 May 2010
Minorplanet Systems plc
5 May 2010
Minorplanet Systems plc ("Minorplanet" or the "Group")
Further to the announcement of 22 April 2010, Minorplanet has today obtained an
adjournment of the court hearing to execute a winding up petition against the
Group's UK trading subsidiary Minorplanet Limited to enable a sale of the UK
business to be finalised.
Discussions remain ongoing and a further announcement will be made in due
course.
The Board believes that the Group and its other subsidiaries have sufficient
funds to meet their immediate financial obligations and can continue to trade
during this process.
Minorplanet Systems plc Tel: 0113 346
7777
Terry Donovan, Chief Executive
terry.donovan@minorplanet.com
Richard Hopkin, Finance Director
richard.hopkin@minorplanet.com
www.minorplanet.com
Shore Capital & Corporate Ltd Tel: 020 7408 4090
Anita Ghanekar
Edward Mansfield
Rawlings Financial PR Limited Tel: 01653 618 018
Catriona Valentine
catriona@rawlingsfinancial.co.uk
www.rawlingsfinancial.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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